Matt Walsh FREAKS OUT Over Wealth Tax

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[@robertehatten4847]

We are in a gilded age. Let’s go back to Eisenhower tax bracket.

[@andromidius]

Go further. 101% tax rate at anything earned over $10,000,000 - so people and companies making too much actually start losing money to taxes. And then properly enforce those taxes. Asset seizure and nationalisation should be the penalty for tax evasion (which is the same as tax avoidance, no matter what the rich claim).

[@merbst]

or greater... plus a wealth tax

[@evenodd3339]

We got to go back to the fdr tax brackets

[@MrNeodylliphan]

"We're NOT going back"

[@satevo462]

@@andromidius 💯

[@SSVCloud]

"They want to take away my hard-earned money!" said the life-long shock jock and podcaster with baby smooth uncallused hands.

[@FrozEnbyWolf150-b9t]

The only thing smoother is his brain.

[@redemptionhappens7725]

THANK YOU. Could not agree more. The manly man who wears make up and gossips on Twitter all day. What a manly man!!!

[@mircozelle]

he looks even worse when you look at what his work contributes to society. being "manly" or working physically are not a great measure imo.

[@noel7777noel]

The person didn't stop at an honest pay, but had to take it to the next step, a criminal level and be a predatory lender. Why are my well paid citizens becoming my predatory lender.

[@brianainslie754]

imagine ONE PERSON has so much money you could fund the entirety of the USA for two entire weeks. That is actually insane.

[@barbiquearea]

Yes and no. In the 13th century, King Philip IV of France purged the Hebrew population and then the Templars in order to confiscate their ridiculous wealth to fund his government. These measures helped him centralize his country in the short term, but also had devastating effects on the French economy, as the Jews and Templars provided important financial services to the country. It got so bad that his son, Louis X had to ask them to return when the loss of so many skilled tradesmen and bankers caused the economy to crash.

[@barbiquearea]

Only in the short term. Confiscation isn't a viable long term solution, and historically has proven to do more harm than good. In the 13th century, King Philip IV of France purged the Hebrew population and then the Templars in order to confiscate their ridiculous wealth to fund his government. These measures helped him centralize his country in the short term, but also had devastating effects on the French economy, as the Jews and Templars provided important financial services to the country. It got so bad that his son, Louis X had to ask them to return when the loss of so many skilled tradesmen and bankers caused the economy to crash.

[@mjesus850]

@@barbiquearea really tells you have to use a example from the 13th century. lets talk about now

[@andrewgreen5574]

​@@barbiquearea did the Templars use a fiat currency?

[@kevinboyle9784]

@@barbiqueareaThese billionaires can have everything they ever materially wanted because they have a lot of fiat currency which is stabilized and propogated by the government. The government that made this type of economy possible, that historically segregated and kept classes of people out of ownership society (and continues to do so in many respects) that enacted incredible welfare to corporations again and again, and lets face it: operates the public school system and university system to teach children to accept their laborious lot in life and continue to work to enrich the ownership class; this government should be able to control the distribution of resources in its own society. If the government votes to redistribute the wealth in this system then that is an unqualified good to a majority of the people that government represents and if 700 people and families lose out; too bad so sad.

[@milestailprower]

"There are only 700 billionaires in this country!" That's 700 too many

[@barbiquearea]

Meanwhile in North Korea, there is only one billionaire (Kim Jong Un), while more than 60% of the population are living below the poverty line.

[@barbiquearea]

Meanwhile in North Korea, they only have one billionaire, while more than half of the population live below the poverty line. Having 700 billionaires doesn't sound too bad when you consider the alternative.

[@BlairNines]

@@barbiqueareaThere are 200 other countries you could pull examples from before you hit North Korea. There are two dozen First World Democracies you could pull examples from before you get to North Korea. Shows your lack of integrity.

[@barbiquearea]

@@BlairNines There is a reason the South Korean GDP is fifty times that of the North.The reason North Korea is so poor is because they lack a competitive free market system, as well as a export oriented industry. Unlike South Korea, which produces valuable products from their global companies like LG electronics, Samsung, KIA, etc.

[@redlightmax]

@@barbiquearea "Having 700 billionaires doesn't sound too bad when you consider the alternative." Simping for billionaires is no way to go through life.

[@no-one-o1o1]

800 billionaires hold more wealth than half of the nation (170M people!). More than a wealth tax, we need a wealth cap and the 95% marginal tax rate from the FDR-Eisenhower era

[@redlightmax]

"...and bringing back the 95% marginal tax rate from the FDR-Eisenhower era" The same era, mind you, that right-wingers have such nostalgia for.

[@barbiquearea]

A lot of their money isn't even in the US. They are tied up in tax havens like the Cayman Islands, Bahamas, Monaco etc.

[@barbiquearea]

Problem is a lot of their money is being held in tax havens like the Cayman Islands or Bahamas. You will have to force them to give that up too or else you can't really squeeze out of them in the US.

[@CaptainBuggyTheClown]

@@barbiquearea Bullshit yes you can. Guess what consumer economy makes the most money for them? The US market. Guess who controls trade with those tax haven states, the US and allies. Guess who has the power to actually redistribute and take on these billionaires, the US.

[@no-one-o1o1]

@@barbiquearea sure, but when they need to use the money or the money is used to generate income, they will then have to pay taxes on it.

[@facelessenigma_213]

"ONLY" 700 billionaire 😂😂😂 Wtf argument can you make when you say that? Saying "only" is if there were like 3-5 billionaires in the entire fucking world. Not 700 in a singular COUNTRY. Idk what's worse, this guy's dunbass defense, or the working class conservatives that actually fall for this horseshit 😒

[@lolalalia4119]

It's the equivalent of a kid saying something "only" costs 99 cents

[@facelessenigma_213]

Also wanted to add that his other argument of "they're already paying so much in taxes" is also bullshit. Billionaires would rather pay some high-priced accounting firms a million+ to avoid paying their fair share, or even in some cases nothing *cough cough jeff bezzos/Amazon cough*

[@RonaldMcDonald-o5z]

There was only 288 billionaires in year 2000 in the US. what else has happened in the last 20 years? you making double income? NOPE. hmm.

[@smackfanxion]

Whaaaaa? But it's 'JUST' 700. Lol

[@majorlazor5058]

That’s like 50 times more than I thought there were. 😂😂😂

[@whoviating]

One of my favorite quotes: "Money is like manure. Spread around, it helps things grow. Piled in one place, it just stinks." - Oscar Ameringer

[@edward0383]

You guys are going to make Ana Kasparian mad if you keep attacking poor Matt like this.

[@CypressSaint]

😂

[@Alexa-Raine]

Let's just attack her on real things and try to get her to see the light, maybe? Maybe don't make up lies and slander just because you don't like them.. you know.. like Trump. Stop being like Trump and delete this.

[@redlightmax]

@@Alexa-Raine "Maybe don't make up lies and slander just because you don't like them.." They made a joke, calm down.

[@KathrynElizabeth-j7y]

@@Alexa-Raine shut up and go away, weirdo.

[@CaptainBuggyTheClown]

@@Alexa-Raine Uh no. Do you think Dave Rubin is going to see the light, or Jimmy dore? Why be charitable towards Ana, shes gross.

[@FrozEnbyWolf150-b9t]

No, no, see, his logo is Waste Management, but reversed. Because that's exactly what Matt Walsh does. Instead of taking away garbage, he delivers it.

[@glenn_desert_witch]

ROFL

[@Malkil75]

🏆

[@DinosaurianDude]

You win the Internet for today!

[@c0rnichon]

I love your mind!

[@Jennifer-my5dm]

I was wondering why it looked so familiar. And you are spot-on when it comes to Walsh.

[@swissarmyknight4306]

I love how conservatives always pretend not to understand how marginal tax rates work. Its not 40%, its 40% of what you make above a certain amount.

[@glenn_desert_witch]

Pretend does all the lifting here, except in Walsh's case -- I have heard him talk enough to believe he is a complete moron.

[@redlightmax]

10:35 Good point by Emma: Matt Walsh finally found a minority that he defends.

[@EricKoonitsky-s1d]

"The King is irrelevant! There's one king among 300+ million people! Strip the King naked and you might equip a small platoon of soldiers! The King isn't causing your problems!"

[@gabrielmccray3457]

It's good to be the king. - Mel Brooks

[@AdmiralBison]

Ignore the minions. - Walsh, Pool, Candice, Dubin, Shapiro etc.. Go after their masters. - the 1% billionaire class they play interference for.

[@LintSplinter]

Unfortunately ignoring this type of nonsense only lets it fester. Media is important

[@jatkinson85]

Matt Walsh is among the 1%, the billionaires are part of the 0.000001%

[@lewsmith9708]

Won't someone _pleeeeeease_ think of the poor billionaires?! 😭

[@GeteMachine]

He's the same guy that said the governments should hang homeless people in the street btw.

[@ryangentry4892]

this guy also said that child marriage is cool and he violates his kids consent.

[@terrydactyl2077]

Capitalists: America is an amazing place where anybody as long as they work hard can live out their dreams! Actual number out of 3.300 million people living their dreams: 700.

[@meatshieldvihue]

Saying 300k a year isn't enough to raise and take care of your family is an astounding disconnect from reality. No, you NEED 600k or your family is basically on the streets.

[@glenn_desert_witch]

Yeah, I mean, 600K is tough to live on when the mortgage on your house alone is $6000, because you must live in the best school district, even if your kids go to private school -- you wouldn't want them to meet kids on their street who are delinquents (I wonder what color those kids are)... And then your HELOC costs another $1000 a month because you have to renovate to keep up the value of your hose. Not to mention the insane expense of owning a home in a fancy resort town so you can take your family on vacation at least twice a year. And those kids have to have all the latest electronics and most trendy clothes, or they will get picked on... And his SAHW needs her weekly mani-pedi, and her biweekly hair appointment or she gets crabby. Let's not forget just how expensive the newest duallie is, and the wife needs her three-row SUV or she can't bring home half of Costco plus the kids... Even though she never really goes to Costco, but they do have a membership just in case they want to cosplay as poor for that yearly family event, which would be tacky to cater, cause, I mean, she *is* the perfect, feminine hausfrau of every incel's dreams... It all adds up, really. They only manage to save $1000 a month after funding the 401K and Roth IRA... I seriously have had people (who by then lived in a $1.5M mansion in a gated community, just two elderly people with enough square footage for a family of 5 -- a home they bought after their children left home) commiserate about poverty with me... I had asked for laundry detergent and other household basics for Christmas from them cause I literally was struggling to pay rent, and had to go to food pantries to get most of what I ate. Which made me ask "Wait, I thought that, by the time you got married you owned a home, and one of you was a nurse, while the other a biochemist at Abbott..." And, no sense of irony or self consciousness, she replies "Oh, yes, we were making okay money! But we could only afford to go on vacation once a year!" When she saw my look of bewilderment she continued, "Well, you know... We were poor relative to our neighbors who went on vacation twice a year and bought a new car every few years. And we really had to watch our spending!" Jesus Fucking Christ, what is wrong with these people?

[@MindForgedManacle]

"There are only 700 billionaires" So that's, what, at least 700 billion dollars? That's like 1/10th of the governments annual budget in the hands of a group the size of a High School graduating class.

[@barbiquearea]

A lot of their money isn't liquid. They are tied up in company stocks. That was why Elon had to sell some of his Tesla shares in order to buy Twitter/X.

[@Jackdaniels19894]

@@barbiquearea doesn’t matter the stocks are not being taxed unless Exercising stock options When Musk exercises stock options, he pays income taxes on the value of the shares at the time he exercises them. This is because the options were earned as compensation for being CEO. Selling shares When Musk sells shares, he pays taxes on the proceeds of the sale. The proceeds are taxed at the long-term capital gains rate, which is lower than the rate for regular income.

[@glenn_desert_witch]

@@Jackdaniels19894 Yeah, the argument is already based on a fallacious premise as this moron conflates income and assets from the jump.

[@noel7777noel]

​​@@glenn_desert_witchTheir "asset" is our bank in their hands, and we can't tax our bank to run our economy. No more than you can tax my milk I buy to run the economy. If I borrow $10,000 from them to buy a car, and I have to pay them $5,000 in interest - in their idea of building wealth. Why would I want to tax my predatory lender? This antitrust tax is to stop my predatory lender. Not to add an extra cost to my source of a loan.

[@Pathsfound]

4:20 if you somehow make $600,000 a year and you're not a millionaire then Even the government is better at spending money than you

[@nonyabidness8676]

I came here to make this comment, but you beat me to it. Here's a high five instead.

[@lolalalia4119]

Matt Walsh makes the French revolution look less extremist and more appealing

[@tylerduncan5908]

The top 10% makes an amount equivalent to the bottom 90% The top 1% = bottom 50% A 50% income tax on the top 5% given directly to the working class would literally effectively double the annual income of the bottom 50% of people.

[@sebastianlavallee706]

Nah. That's BEFORE the compound interests - an increased annual income for the poorest would put a massive amount of money directly into the economy, raising everyone even further...

[@ValliW]

"Billionaires barley exist"? Tell that to their bank accounts.

[@BecxyBoo]

700 billionaires hold more money than the entire rest of the population combined and he really believes a wealth tax will bring those billionaires into "poverty". These people have so much money they wouldn't even realize a difference but it would be life changing for the entire rest of the population to actually bring them out of genuine poverty.

[@nosuchthing8]

How DARE the Uber rich have to pay taxes?? How can they afford 100 mistresses and 200 homes??

[@amyb.2968]

They can barely afford a sex island anymore!

[@walabee90]

The simple fact they have enough to fund an entire country for EVEN A DAY is absolutely insane, let alone 2 weeks.....

[@walabee90]

My money can barely fund MYSELF for a year 😂😂😂

[@barbiquearea]

@@walabee90 You can confiscate a billionaire's entire net worth but its not a good long term strategy. A lot of billionaires and multimillionaires run fortune five hundred companies that provide important products and services, as well as play an important part in the global supply chain and providing a net income to the country through exports. You can strip Jeff Bezos of all his wealth, but then what will happen to Amazon, and will it still remain effective and competitive without him?

[@barbiquearea]

@@walabee90 You can confiscate a billionaire's entire net worth but its not a good long term strategy. A lot of billionaires and multimillionaires run fortune five hundred companies that provide important products and services, as well as play an important part in the global supply chain and providing a net income to the country through exports. You can strip Jeff Bezos of all his wealth, but then what will happen to Amazon, and will it still remain effective and competitive without him?

[@MrMarinus18]

But I also don't see the argument there. It will help fund the government and those billionares can afford it with ease. So why not do it?

[@bloo9699]

Aren't they supposed to kind of hide this messaging a little? I guess they've worked his audience to the point where he doesn't need to. He can openly say shed a tear for the rich man and his working class audience will.

[@brentwalker8596]

Just imagine how much wealth those 700 "irrelevant" billionaires possess. I imagine that the growth of the number of mega millionaires and billionaires over the past 50 years tracks pretty closely with the growth of America's wealth gap

[@ctwb-06]

"There's only 700 billionaires in the country" and with your help we can make that number even lower 👍

[@thierryaubin1923]

Wealth is so unequal that even poor billionnaires are suffering tonthe benefit of super billionnaires worth 100 bils.

[@drewhead1]

6.22 Trillion dollars. The Forbes estimate as of September 17th 2024. That’s a full years budget.

[@MrHodoAstartes]

And that's just personal funds, not the even the corporate pots they command.

[@MrBazBake]

At $600,000 a year for individual income, Matt is the top 0.75%... $403,000 makes you the literal 1% 😂

[@FunctionFIVE]

Someone making 600k a year did not just drop into that salary, to even insinuate they aren't AT LEAST a millionaire, much less a multi millionaire is delusional

[@brentwalker8596]

Poor Matt Walsh only makes over $600k a year? Life is so tough.

[@glenn_desert_witch]

I know. And he works SO hard! All that research, citing so many sources, going really deep into the issues, interviewing people, fact-checking... Not to mention paying back his student loans! Oh, wait...

[@kevinkoch-jj1uj]

Yeah Matt, those making $600K are really struggling. Go boo-hoo yourself. The rest of the 95% of us will give you a hand with your bootstraps.

[@VitoCorleone-tm2qc]

Of course Matt Walsh defends the rich. I expect nothing else from him.

[@kevinkoch-jj1uj]

The rich always have their supplicants.

[@jloiben12]

Taxing to fund the government isn’t the only reason to institute a tax…. For example, we can tax billionaires not because we need that money to fund some part of the government but because we want to limit their power

[@RonaldMcDonald-o5z]

In year 2000 there were only 288 billionaires in the US. Doubled in 20 years and know what else did? Everything else. housing, land, food, insurance. hmmmmm.

[@glenn_desert_witch]

Correlation is not causation, but.... Interesting reasoning, something to research. :D

[@jloiben12]

The top 1% is ~$788k. The top 5% is ~$290k

[@MrSelfDestruct80]

Wasn’t it Bush Sr that literally called Trickle Down Economics “Voodoo Economics”?

[@MrHodoAstartes]

Matt got Voodoo, Matt got Hoodoo, Matt got math don't even make sense! And Matt got friends in the 1%...

[@petersulewski]

yup. it's been proving time and again to fail as economic policy but the 1% get richer off it and they have money to buy the GOP so it keeps getting pushed.

[@JasonBoyce]

“There’s only 700 billionaires in America” - that’s 700 too many. NOBODY should be a billionaire

[@lawrencedempsey9894]

Would you rather: A) pay a low effective tax rate and be poor, or B) pay an even LOWER effective tax rate, but pay more in tax overall, and be a millionaire? Does it suck that a higher % of $ earned over a certain amount gets taxed more? Sure. But you'd still choose being rich and taxed than poor.

[@JohnSmith-eu2fj]

Why would his teenage incel fanboys care about taxes?

[@antenna_prolly]

What Matt Walsh doesn't understand is that 700 billionaires is 800 too many.

[@robertnobles8189]

Walsh is saying if you make less than a million per year you can’t be a millionaire? If you make $600k per year and don’t have a net worth above $1 million, what the hell are you wasting money on every year!!! You can’t save $200k each year and be a millionaire in 2 years??

[@glenn_desert_witch]

It's probably worse since he is an idiot who read a grand total of two books and gets all his current affairs from his colleagues in the Rightosphere. From the way he talks, he seems to have no clue of the difference between assets and income, nor between marginal or effective tax rate.

[@absynthe9820]

It's a well known fact that billionaires pay a lower tax rate than workers.

[@annieisokfr]

'You poor people don't get how hard it is knowing you make $600,000 gross annual income, when you can only keep $338,000 of it. Like if you earn $30,000, you get to keep $25,000 which is so much better because you already live in poverty so nothing changes... but that $262,000 could've bought me another investment property, more political influence, a bigger house, more super cars. I'm the one suffering 😡"

[@aprilbluebell7334]

Using his own logic, if there are 700 billionaires and each of them can fund the government for two weeks then if we took all their wealth, it would fund the government for 1400 weeks or approx 27 years...

[@hooksx]

I'm not rich but I don't want to be taxed any more than I already am. We should be trying to lower taxes.

[@fuzzymcwazzy1293]

"It's just 700 people!" Who own most of the wealth.

[@Alex-cw3rz]

Due to the tories. The average tax rate is the highest it's been since WW2. Yet the top rate of tax is the lowest it's been since WW2 and corporation tax up until a year ago was at a 50 year low.

[@meric2363]

Matt Walshs new logo looks like the Washington State WasteManagement logo upside down which makes sense since they're a useful and integral public service and he's garbage.

[@mk.........]

There's only one good argument against the whole US tax system. For what you put in, however much that is, you actually get a crappy return or none at all.

[@hooksx]

Exactly. More money or targeting groups I don't like aren't going to make the government more efficient. We should be lowering taxes for everyone. Start with the lower income brackets, it'll help them the most.

[@MishaFlower]

@@hooksx Every single dollar that the government spends except for foreign aid goes back to the economy. every single dollar. Unlike the "efficient" private market, where a significant chunk of money goes towards offshore accounts, Making real estate prices explode, Dick rockets and Gigi-yachts to park their yachts at. Not to mention other productive industries like union busting and tax evasion. The myth of "government inefficiency" is the biggest and most successful propaganda conceived by the rich, The government went to space 60 years before any private enterprise could even dream of doing that. The government organized a 8 million man army decades before any corporations could dream of fielding even a million employees on anything. You think the government is inefficient? Look up what happened to the east India megacorperation when all they had to do was 10% of what governments do.

[@Ten2More]

Million excuses to try and say it isn’t just selfish. Desperate for power serving selfishness. Money is their vehicle for power.

[@williammorgan7934]

Do people realize how greatly high earners benefit from government spending in the first place?

[@noblebrown6077]

I swear to God, if you pause the video ONE MORE TIME I'm gonna lose my mind!!

[@GnomeChomskyOG]

Matt Walsh: You can't tax billionaires because there aren't enough of them to matter. Also, you can't tax millionaires and half-millionaires because they aren't even billionaires!!!

[@glenn_desert_witch]

Yeah, like, can't the poors just do their jobs and work their asses off to put food on the table AND pay for all the nation's infrastructure? What, are they *that* lazy?

[@roadblock2792]

A smart person no matter the circumstances will adapt 600 000 plus is 2000 dollars a day more than most make in a fortnight

[@Alex-cw3rz]

Those poor billionaires

[@elisawhitman8526]

It’s so funny how Matt Walsh pretends to be “pro-life,” but he refuses to spend a dime of his own money or other wealthy people’s money to ensure that people actually live.

[@glenn_desert_witch]

Pro-life is only valid when the kid is both hypothetical and attached to a woman who hasn't yet learned her place. Once the child is born, it gets polluted by The World and all the evil that surrounds it, and, really, should just be sent to jail pre-emptively cause you know they are gonna grow up to be a thug. Or, the kid could be his, and, see, all these very masculine men are very, very upset about the fact that *their* child could be a victim of abortion. Or that *their* wife might divorce them. These are serious concerns. Women should do what they're told, or you may end up getting Medicare for All, and have to pay a whopping 30% of your income in taxes! That's a lot of money! Poors don't know what they are talking about, when they only pay a couple thousand a year!

[@missshroom5512]

There should be no billionaires

[@APMTenants]

Who actually needs $600k a year to get by? I am 50 years old and I have not made $600k total in my entire life combined.

[@MrNeodylliphan]

"We shouldn't pass laws that affect billionaires because they're such a small portion of the population. Now let's talk more about banning trans women from sports" If by your count there are only 700 billionaires, that's easily a trillion dollars if not more. You could rebuild Florida with that money.

[@wileysells1279]

The top 1% owns how much of the wealth in this country, Matt?

[@justr6982]

Matt Walsh whining this much warms my heart

[@Octoberfurst]

Billionaires should not exist! Nobody needs or deserves that much money! Go back to the Eisenhower taxation rates. And for Matt Walsh to boohoo about the idea of the rich paying more is absurd.

[@LightGlyphRasengan]

Hard to believe Walsh is even relevant still 😂

[@ThreaT650]

The fact that Elon Musk can run the entire country of 320 million+ people for literal weeks is the exact reason nobody should be able to accumulate this kind of wealth. And we are coming after corporations too, not just billionaire individuals.

[@Catalyst2812]

Imagine having enough money to RUN THE USA FOR 2 FUCKING WEEKS ON YOUR OWN!!!!

[@Alex-cw3rz]

600,000 dollars a year is a huge amount a year

[@DanielPaladino]

The narrative that Taxes screw you over is problematic. Billionaire's (or rather that class level of individual wealth) are an abomination of capitalism and should not be possible in the first place.

[@glenn_desert_witch]

Also, it's not like taxes just funnel money to those lazy poors... Who do you think builds roads, Matt?

[@facepie1354]

That logo is the stock market crash from Better Call Saul

[@redlightmax]

0:58 "They barely exist." Ooh, Matt Walsh's fascist logo moves when he says something stupid.

[@kabootarkhanawala8271]

You have to distinguish between economic «power» and physical force of government. Billionaires can offer you money, however they can’t (legally) force you to do anything

[@hlc617]

Wexler McGill logo didn't deserve this

[@50043211]

Emma is right, thats corporate logo design from the early 2000s!

[@bflebsquitch1728]

Ahem...umm, isn't Matt Walsh a Catholic? Sooooo, like, does he, ummmm, like know what that means? Pretty sure shilling for grotesquely wealthy people isn't on the list.

[@whoviating]

Someone making $600K a year is in the 99th percentile, i.e., among the richest 1%.

[@Lulubelle.III.]

Sasquatch got confused. It was 700 Billionaires, with a "B," not an "M."

[@ElizabethMcCormick-s2n]

They should pay their fair share!

[@IRNoahBody]

why do rich people always want too pay less in taxes, have less laws, have less regulation, have less oversight...

[@artjohnLagas-gk6mg]

Could somebody remind me why this guy's opinion is important

[@glenn_desert_witch]

Because people literally believe everything he says. Based on nothing but vibes, like most of politics, unfortunately.

[@grouchomarx1008]

We have a federal minimum, we also need a federal maximum wage.

[@glenn_desert_witch]

The way Walsh conflates income and wealth, as well as marginal tax rate vs effective tax rate is making me cringe sooooo hard. Also, anecdote about this: my ex's brother and his wife made good money in 2008/9. Together they brought in around $250K (or more, they never told us exactly how much, but we knew it must be more than $250K cause that is where the tax rate was being raised. They lived in LA, but owned their home free and clear, so they also had a nice disposable income. The brother started complaining, saying he would vote Republican in the next election cause the Dems were just out of control with these tax hikes. Meanwhile, me and my husband were living mostly on my income and student loans, maybe bringing in $35K total between the two of us, renting a modest home, and wondering what to do once we needed to start repaying those loans. We actually started talking about money because we were short on rent, or my car needed to go to the shop, and we needed a little help from him in the form of a loan of under $700. But, without a trace of self-consciousness, the brother told us he might not be able to loan us money, and just how ruinous the tax hike was going to be: his daughter was in private school, and that cost $20K a year, and if his taxes went up, he would not be able to pay for that! My husband and I were stunned. Their nightmare scenario with a tax hike was they might not be able to send their daughter to private school at a price that could clothe, house, and feed one of us. And, ofc, I don't even remember if that tax hike went through or not, but the girl continued to go to private school, and then was sent to private college out of state where she lives off campus and has all her expenses paid for by her parents. These people truly don't understand how the rest of us live. BTW, me and my husband had it good, we were not poor, and we were quite privileged to be able to go to college and get loans in the first place.

[@ace627]

So help the rich, tax the poor.

[@Etiennejin]

I come and go watching the Majority Report. Sometimes I just need a break, then they suck you back in with an interesting video and you wonder why you stopped watching it until the 1000th time you hear “PAUSE!!”

[@danieldwyer]

Matt Walsh doesn't understand how taxes work. If you make $700,000 only the tippiest toppiest amount of that is taxed at 39%. The rest is taxed at a lower percentage on a graduated tax scale. Also, taxing corporations higher and taxing stock buy backs would incentivize those company to increase their profits not by raising prices, but by opening up new factories, hiring more people, and creating more products which would make those products more affordable to average working people. Also, student debt relief doesn't mean that banks are just stiffed that money. They still get it. The Government pays them. Although, they wouldn't get all of the added income through interest on the loan if it were paid off early. But, they still get the loan back and any interest already paid on it.

[@brentwalker8596]

Oh dear, that video of Bernie hugging Tulsi Gabbard didn't age well.

[@Alex-cw3rz]

Mu sk was saved by a government loan and walshy is saying he should not pay extra tax and it's unfair

[@8114梦见]

When he says people making several hundreds of thousands of dollars have it the worst, I’m sorry I don’t see how anybody in his audience can take him seriously. Yeah, it must be so hard to have to “fork over 40%” of your income, and still have all the vacation time you want, not have to worry about food, and live comfortably all around. So much worse than people working a grueling job for minimum of lower-wage just to scrape by. And don’t get me started on how horrible that is compared to somebody being homeless and food insecure, let me tell you.

[@MJofLA]

That's not Lake Tahoe. That's how to fold a diaper babeeee!

[@qwqeqrqtqz]

Maybe he thinks the walsh tax means he is the only one getting taxed

[@Alex-cw3rz]

I find it bizarre that Walsh thinks the tax on the rich would coincide will a moratorium on taxes for everything else. Whereas it would be on top and could go into investment to grow it.

[@antenna_prolly]

17:22 - hearing "John Omaha" outside the context of Barack Obama parodies

[@krum303]

lol his logo looks like a light beer logo

[@mrdaveythebaby]

So 700 hundred people in the US have enough money to fund the government for 2 whole weeks by themselves?? Ok, let's gjve it a go.

[@zacksilber-coats352]

Apparently Walsh has never heard of a marginal tax rate.

[@orangeyewglad]

I like that Sam adds the caveat that the top tax rate is for INDIVIDUALS, but for married couples, their incomes are averaged, so if you make $750k per year and your spouse makes $400k per year you're going to get taxed at the lower rate because you're only making $575k per year each which is less than the $600k necessary to be in the top tax bracket.

[@glenn_desert_witch]

And, guess what, his wife doesn't have an income. So it is entirely possible Matt may be staring down the barrel of paying a whole $0.12 extra on every dollar he earns over $1M or so (I don't actually think the tax rate is exactly divided in half if you have spouse, but, you know, the point stands whether it's $1M or $1.2M a year. Or around $3000 A DAY. I once made $2400 in a month. It was the stimulus check. And it was the most money I'd ever seen in a month my entire life, despite having a college degree, lots of professional skills, and being over 40.

[@Twangaming]

So if each of those 700 billionaires could each fund the government for 2 weeks, the government would be fully funded for 26 years off a single tax year

[@markwolfe947]

My issue with the wealth tax is that you are taxing unrealized gains be it from owning real estate or stock. Yes I know people in power get stock options and other benefits but get paid a basic income making them worth much more then what they are paid annually. Also, they take out debt against their stock holdings and other things which should be stopped and not allowed. But taxing wealth is in essence a form of double taxation and is the difference between post and pre tax contributions to a 401k plan the former tax is only paid on interest earned and not on the money contributed, the latter has taxes paid on it when withdrawing as no taxes were paid on it.

[@ScarletFox039]

Pretty sure their billions of dollars will last a lot longer than my thousands of dollars to fund the government.

[@attackthebeat]

I hate this notion the rich pay so much already and are burdened the most out of anyone.